HILEGA_MILEGA

22 sie 2020

Hilega Milega is origanal Idea given by Nitish Kumar sir, I just coded it.
It uses RSI on which WMA and EMA plotted.
Values Used :
RSI = 9
WMA = 21
EMA = 3

29 sie 2020

Informacje o Wersji

Hilega Milega By Nitish Kumar.
How it works ??
This indicator uses RSI & WMA crossover mechanism.
Buy : When RSI crosses from below to upper side, You can buy and remain in trend until RSI crosses from Upper side to lower side.
Sell : When RSI crosses from upper side to lower side, You can sell and remain in trend until RSI crosses from lower side to upper side.

Time frame : Use Higher Time Frame (30 Min) for trend confirmation, when trend confirms you can take entry as per lower Time Frame.
Remain in trend until higher time frame do not give sell signal.
Update:
In new version color background is introduced.
Green is Buy Signal, red is sell signal.
For double confirmation you can use Fisher Transform Indicator. ( As Suggested buy NK sir)

Note : For intraday trading I personally use 15 min TF along with CPR & Standard Pivot Points for entry and exit.

3 paź 2020

Informacje o Wersji

What's new ??
1. Added Lower band & Upper band line for RSI
2. Filling Colors between Middle Line (i.e 50) and RSI
3. Green Color is for buy signal and Red Color is for Sell signal.

*Note:
* For good results use it along with CPR & Pivot Points.
* For trend use 30 Min TF along with VWAP, and for Entry Exit use 5 Min TF along with VWAP.
* You can also use CPR & Pivot points for Entry Exit.
* Above CPR search for buying opportunity & below CPR search for selling opportunity.

23 sty 2021

Informacje o Wersji

What's new ??

Now you can use Hilega Milega with multi time frame on a chart.
Add HM twice on chart. One with 1 hr tmf and other with 5/10/15 min tmf.
kindly select the time frame in settings. Default time frame is your existing time frame on chart.

7 maj 2021

Informacje o Wersji

What's new ..??
1. While using HM for Higher Timeframe, it is showing lagging signal which is fixed.
2. Color filling is fixed.
3. Shows probable price at which HM may cross center line i.e. 50

10 maj 2021

Informacje o Wersji

What's new ..??
1. Some bug fixes.
2. Add upper line & lower line.

18 cze 2021

Informacje o Wersji

Minor Changes
* Default RSI 50 price value is disabled now, any one wants to use it can enable from settings.

22 gru 2021

Informacje o Wersji

Added VWMA line, which is optional. You can enable it from settings.
Added Table which shows LTP, Change, % Change, change in 15 min, change in 60 min for
INDIAVIX, NIFTY, BANKNIFTY, DOW, SGX, USDINR, GOLD, CRUDE.

25 gru 2021

Informacje o Wersji

Probable price for RSI 50 Value is added. You can change RSI value.

5 sty 2022

Informacje o Wersji

Removed table due to which script is taking too much time to load.

Added EMA table which shows chart timeframe/daily/ weekly/monthly/
50 day/100 day/ 200/ATH day ema with difference from current price.

20 sty 2022

Informacje o Wersji

Minor changes.
Table will show "Trend" now.

21 sty 2022

Informacje o Wersji

Small change in table size.

23 lut 2022

Informacje o Wersji

Color settings are editable now.

19 kwi 2022

Informacje o Wersji

Added code for Bar color.

20 kwi 2022

Informacje o Wersji

New Update - Bar color.
There are 2 options for bar color.
1. Considering HM crossover
2. Considering HM crossover & RSI 50 level(Typical HM Conditions).

Bar colors:
Bullish : Green Color
Bearish : Red Color
Sideways : Blue

4 maj 2022

Informacje o Wersji

Triangle up & Triangle down shapes added to notify crossovers.

27 sie 2022

Informacje o Wersji

What's new ..??
1. All colors are editable now, you can customize as per your requirement.

9 wrz 2023

Informacje o Wersji

Option provided to change the value of RSI, EMA, WMA & VWMA.
EMA table is by default made off, if anyone want to use it kindly on it from settings.

9 gru 2023

Informacje o Wersji

What's new ..??

Code for "RSI Divergence" is added.
To use it go to settings and select.

Note: I am not using RSI Divergence so I don't know about best settings for it.
Use It with your own values/settings on your own Risk.

11 gru 2023

Informacje o Wersji

Color customization bug is removed.

15 wrz 2024

Informacje o Wersji

Alerts are now available for HM as well as for RSI divergence.

17 wrz 2024

Informacje o Wersji

Fill color bug is fixed.

20 wrz 2024

Informacje o Wersji

1. You can now disable barcolor while using script.
2. 5 RSI levels are provided by which one can know the corresponding price for RSI level.

12 gru 2024

Informacje o Wersji

Updated to latest Pine script Version 6.